The merger is complete and Jetset Travelworld Limited is on target to achieve growth over the year ending 30 June 2012.

Speaking at the company’s Annual General Meeting earlier this week, Jetset Travelworld Limited chairman Tom Dery said completing the merger with the Stella Travel Services Holdings on 30 September last year has positioned the Group for achieving a positive financial performance over the coming year.

High returns are expected despite natural disasters and a difficult financial year, with Mr Dery highlighting that July and August supplied “strong trading conditions”.

“Synergy benefits indentified at the time of the merger continue to be realised and we remain on track to realise the full benefit of the merger cost synergies in the current financial year,” the chairman explained.

“The company remains focused on productivity improvements and cost control and during October the final merger integration projects were completed.”